The ORE Catapult has published its second annual Offshore Wind Supply Chain Confidence Survey which was undertaken between October and November 2023. The research revealed that companies within the UK’s offshore wind sector remain confident of growth in both revenue and employment over the short, medium, and long term, although overall confidence has declined since last year’s survey, reflecting tough market conditions.
 
123 companies participated in the Offshore Wind Supply Chain Confidence Survey from every region of the UK, with the North East of England and Scotland seeing the highest levels of responses. Over half of the respondents were from the Renewables sector (51%), 26% were from Oil and Gas, and the remainder was split between Transport, Construction, and Chemical Industries.

Since the survey, the UK Government’s announcement of a significant increase in the administrative strike price for the next CfD Allocation Round 6 (AR6), reflecting cost pressures and a lack of offshore wind projects bidding in the AR5 auction, has been well received by the industry.

For more information and to download the complete report please click here.